Trammell Crow Co. will break ground next month on a new industrial building in Roseville even though it hasn't signed any tenants for the space.

Such speculative development is a signal that developers and investors are confident that there's sufficient demand in the industrial market to fill a building after its constructed.

The new 185,470-square-foot building will be called Midtown Business Center. It will have 32-foot tall ceilings and 28 loading docks. Edward Farr Architects designed the building and R.J. Ryan Construction is the general contractor.

I reported in January that Dallas-based Trammell tied up the 13-acre site at 2305 Walnut St. At the time, the developer didn't say if it would build the project on spec or if it would wait until it could pre-lease a percentage of the space.

The project's leasing brokers are bullish on the site.

“It provides a unique opportunity to the market offering Class A industrial space in a prime in-fill location. We’re confident it will be a very successful project," said Matt Oelschlager, first vice president in CBRE's Bloomington office who is marketing the site along with CBRE broker John Ryden.

Sam Black covers real estate, manufacturing and economic development.

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